Adequate Buffer: NPA CEO Reassures on Fuel Stocks Amid Global Volatility | Discuss Ghana

On Wednesday, April 1, 2026, the Chief Executive Officer of the National Petroleum Authority (NPA), Godwin Edudzi Tamakloe, provided a detailed update on Ghana’s fuel security, reassuring the public that the country currently holds sufficient reserves to withstand immediate international supply shocks.

The update comes as global oil prices fluctuate due to ongoing tensions in the Middle East, specifically the Israel-Iran conflict, which has pushed Brent crude toward the $100–$120 per barrel range.

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Current Stock Levels (As of April 2026)

The NPA has confirmed that Ghana’s "National Reset" of fuel security—relying more on local refining and strategic reserves—is providing a critical safety net:

Diesel Coverage: Currently, there is approximately seven weeks of stock available in the country.

Petrol Coverage: Stocks are currently sufficient for approximately six weeks.

In-Bound Supply: To maintain these buffers, seven additional vessels are scheduled to arrive at the ports in the coming weeks to replenish the national distribution network.

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Local Refining as a "Shock Absorber"

Minister Tamakloe noted that Ghana is significantly less vulnerable to global disruptions in 2026 than in previous years, thanks to a boost in domestic production:

40% Local Supply: The Tema Oil Refinery (TOR), Sentuo Oil Refinery, and various modular refineries now supply over 40% of Ghana’s total fuel consumption.

Cedi Stability: The CEO credited the relative stability of the Ghana Cedi for preventing a "GH₵23 per liter disaster," noting that the currency's performance has cushioned the impact of rising global crude prices.

Dangote Impact: The proximity of the Dangote Refinery in Nigeria has also "changed the dynamics," providing a faster and more reliable regional alternative for crude processing.

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April 1–15 Pricing Window

Despite the healthy stock levels, the NPA has announced new "price floors" for the current window to reflect global market realities:

Product	Old Price Floor (March)	New Price Floor (April 1)	% Increase
Petrol	GH₵11.57	GH₵13.30	~15%.
Diesel	GH₵14.35	GH₵17.10	~19%.
LPG	GH₵10.67/kg	GH₵10.71/kg	<1%.

"If crude hits $120 per barrel, the government will be forced to make major decisions. For now, our focus is on ensuring reliability and fair pricing through these buffers." — Godwin Edudzi Tamakloe.